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proposition e the city requires businesses it pay a flat 1.5 percent tax on payroll cost for work performed in the city. small businesses with less than 250,000 dollars in payroll costs are exempt from the tax. proposition e would create a new city business tax based on gross receipts rather than payroll costs. under the new system, the tax on payroll cost would be eliminated or reduced. businesses with gross receipts of less than 1 million dollars annually will be exempt from the gross receipts tax. the gross receipts tax rate would vary depending on the type of business and its annual gross receipts from its activity in the city. certain businesses that have their headquarters or administrative offices in san francisco that operate primarily in other locations would pay the gross receipts tax based on payroll costs. proposition e would require the city to phase in the gross receipts tax and phase out the tax on payroll costs over a 5 year period beginning in 2014. if the gross receipts tax revenue exceeds the revenue the city would have received under the tax on the payroll costs, the
comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public. >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? >> it's rank demagoguery. we should call it for what it is. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at two of the topics dominating the american economic landscape: jobs and taxes. first, we meet with president obama's so-called jobs czar. then we visit a struggling town in the heartland. and finally, we take a look at a controversial income tax initiative in washington state. in the first decade of the 21st century, big american firms cut around 3 million jobs in the u.s., while adding almost as many overseas. no company went global more aggressively than general electric, the conglomerate that makes
at the airport. i'm barack obama, and i approve this message. "i'm not in favor of a $5 trillion tax cut. that's not my y plan." mitchell: n"the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how could we ever trust him here? >> you are watching abc news at 11:00. >> now we turn to the sex abuse scandal at penn state where does send this shery between 30 ando years -- jerry sandusky was sentenced. got reaction from local state graduate. >> even the judge today called sandusky statements unbelievable, the fact that he continues to maintain his innocence has not only the but formergusted graduates that are already focused on the new era. >> his penn state routes run deep. his sister is in the heart of state college. 'sroject during -- sandusky today up 30 years in prison at 68 durso, the former
, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
is president for erica's for tax reform. welcome back to the show. a pasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. wi friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit andut spending and elect the socialist president of franceho is now raising their personal incomeaxes to 75% and their capital gns taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody'ssuggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5%of gdp, its normal for the last 30 years, to it 2* # 1%, a #.5% i
specific on tax cuts, here's what happened. >> even though you're going to lower the income tax rates for people making let's say more than $250,000 a year, but you're going to eliminate some loopholes and deductions, exemptions, tax credits, is that what i'm hearing? >> that's right. i'll bring the rate down across the board. but eliminate or limit, rather, deductions or credits and exemptions and so forth, particularly for people at the high end, because you have to do that to make sure that distributionally we continue to have the high-income people still pay the same share, the high share they pay today. >> would that add up to the $4.8 or $5 trillion that's been estimated -- your comprehensive tax reductions would cost? >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because what he says is let's look at all the rates you're lowering, and then he ignores the fact i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously, that was corrected by his deputy campaign manager who says she
of taxes. there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach it that way. that's going back and relegating all the old arguments. in spirit what i would do, unlike shrumy, i would take the big issue that is separating the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago.
payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose area and bring in more money to the coffers and a green i
be aborted talked about, taxes, regulation, energy and. the only way is to get into the game and to point out to the american people what needs to be fixed. in order for us to invest in u.s. and create jobs. .> we've got a good role models we don't even rate legislators. our best teachers or the labor unions and then george soros later on. he taught every wealthy american that you cannot afford to sit on the sidelines. so i say go for it. >> we don't do endorsement either. we have a pac. we are very involved. we will probably connect with a quarter million retailers and millions of their employees, not endorsing anyone or telling them how to vote, but getting them involved. there's a sense that if people have a better understanding of our position, there's a greater likelihood we will get some action from them. that's why we have engaged our membership. >> let's get questions from the audience. don't feel shy. please raise your hand. if you could give me your name and your affiliation, that would be wonderful. there are microphones roving. the lady with the red jacket. >> good morning. my nam
it to a poll tax, they said this was a poll tax and would be voter suppression in texas and would not be happening there. like they are utilizing in other states. >> okay. so -- in the state of rhode island which i think -- my home state which is pretty controlled by the democratic party, they didn't see too much outrage there when they did it. i think when you look at every poll that's ever come out, 70% to 80% of americans support this, so i think that somehow equate showing a photo i.d. which in most states is given -- free if there is an issue with the person's economic condition, then somehow requiring people to show the same type of thing had would be required to get government assistance and get on an airplane and try government building and is actually a common sense move to ensure we maintain the integrity -- >> the basic right of an american isn't to fly, is it? >> i don't understand your question. >> your basic american right in certain things is to be able to vote. >> i don't understand how -- entering a government building, getting government benefits, things like tha
economy under when all the bush tax cuts phase out and all the automatic spending cuts kick lo millions of americans likely to lose their jobs and millions of american families likely to face thousands more in cobere l a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye it is the story that no one is talking about. you have mentioned it, but w linat tss ao ich it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cu eirendhe mapng cgo i ,megma -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benits go away, usecon if "newrrendous, 7 york times" thinks this is going to be a slope, they are dreaming. that money will come out of their checks the first of the year. we will see a slow down. i suspect we are not onlyoin aip a rssnyo yo cit honeywell or j.p. morgan, everyone can see it. >>neil: i am listening to james dime from j.p. morgan setting aside $200illion plus lls par t ssitisome
he said that cutting taxes should not be part of negotiation of tax reform. i wonder if those comments in any way reflect the democratic stance. >> the president made clear that he supports tax reform broadly, but senator schumer is making an important point, that the wealthiest must pay their fair share. he is making the very clear point the president has made and others have made that it is fanciful thinking to imagine that you can give more tax cuts to millionaires and billionaires, and that the pixie dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaire
potentially from higher taxes and indeed reduced government spending. >> rick santelli, you heard that whole list of reasons. is that why we saw this ten-year auction today? people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base materials have been suffering as well today. >> yeah, that's absolutely true. you know, i think what's also interesti
and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would supp
the state gas tax and montgomery county is in dire need of transportation funding. the condition council met with business leaders today, one of the hot topics, a possible county wide gas tax. lauren demarco has that story. >> when i pulled up and i saw $4.09, oh my goodness. >> steadily increasing for the last seven weeks. it's unlikely maryland legislators would agree to an increase on the state's gas tax. the president of the montgomery county council wants to take the matter into his own hands. >> if the state does not have the political will to do this, i'm saying local governments, like montgomery county, has to be able to move forward on their own. >> roger wants the state to give county lawmakers the authority to raise g taxes. the county would retain 100% of the revenue. with funding going toward road improvement projects and public transportation like the purple line and the corridor city's transit way, a proposed rapid bus line between shady grove and clarksburg. >> many communities don't share the priorities. they don't have the transit needs we have. they have needs for ma
trillion tax cut to the american people, and you've got a -- not personally by name, but we now know it was you. let's just play a clip of this and see what your reaction is. >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because when he says this, let's look at all the rates you're lowering, and then he ignores the fact that i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously that was corrected by his deputy campaign manager, who said that she stipulated that in fact, the $5 trillion number was wrong. it's completely wrong. >> he's talking about you there, stephanie. >> he is. >> he says that you said it was wrong. >> that's right. right. piers, i'm really glad you brought that up. so there's this thing called math and here are mitt romney's tax cuts. if you add up lowering the tax rate by 20%, eliminating the alternative minimum tax, repealing the high income payroll, repealing the estate tax, and lowering taxes for corporations, that totals $5 trillion. so that's mitt romney's
tax cuts phase out and all the automatic spending cuts kick in, a one-two punch that the most optimistic economies say will not the recovery for a loop, millions of americans likely to lose their jobs and millions of american families likely to face thousands more in taxes. "new york times" says the cliff could be more like a slope. if congress doesn't move fast, kick the recovery or maybe the country goodbye. it is the story that no one is talking about. you have mentioned it, but we are looking at the abyss and no one is touching it. >>guest: what is amazing to me, this is the most predictable, avoidable financial crisis we have ever had in the history of this country. you are so right, if the bush tax cuts expire and all the automatic spending cuts go into play, meaning the himmation -- elimination of the a.t.m. affecting 30 million people, the tax holidays goes around, unemployment benefits go away, it will are horrendous, 14 of 17 economists now say it will put us in a recession and if "new york times" thinks this is going to be a slope, they are dreaming. that money will
policies on taxes and energy and our regulatory regime, at those are the things making it more expensive. makes it difficult for them to invest and create jobs. it is not just manufacturing. you see that across the entire business community. >> is that it? fix those policy issues, and whatever else is happening in america will be extended again? >> this is a bright spot. we should recognize that and embrace it. this is an opportunity for us to leave and emerge from the session. -- the recession we have been fighting our way through for five years. we can reestablish this economy as the leading economy in the world. there was a lot of attention paid to the numbers last week. the important point is 7.8% is good if it comes down. we have to look at the bigger number which is much higher. that is the more troubling number. i note some have been out for 27 -- almost 5 million americans have been out of work for 27 weeks. they have become much more difficult to import. -- employ. we have a mismatch. if we're going to look at numbers, the way to fix this is not focusing on employment. it is foc
's tax plan. president obama and harvey rosen the professor is here tonight to set the record and in the president straight. welcome to "the willis report." gerri: hello, everybody, tonight, we began with the with the supreme court where nations justices take on one of the hottest issues out there. abigail fisher and university of texas for rejecting her for being white. joining me now, the former federal prosecutor and kelly stand on, a constitutional law attorney. welcome to you both. fred, i'm going to start with you. you might think that the court should rule in favor of the university of texas, which is fighting to keep these racial preferences. why is that? >> well, i'm not advocating one decision or another. if you look at supreme court questioning going back to 2000 and three race can be a factor in determining admission. in this case, i think for the university of texas, the majority of the students at the university of texas at intercampus if they are in the top 10% of their graduating class because of the way that the schools are set up. that leads to diversity. ger
crisis. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's single currency but offered no promise of further aid. >> a new report on the greek reform process is due next month, and in the meantime, greece is negotiating highly unpopular austerity measures. protesters blamed merkel. >> this morning's peaceful protest turned violent in their early afternoon. police used tear gas to disperse demonstrators. some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks. she promised help as athens perfor
, i never have enough money to do it. the middle class needs relief, tax relief, they need help now. the focus will change with barack obama. >> moderator: governor, please, if you want to respond to what he said about -- palin: i'd like to respond about the tax increases. you know, we can speak in agreement that darn right we need tax relief for americans so that jobs can be created here. now, barack obama and senator biden also voted for the largest tax increases in u.s. history. barack had 94 opportunities to side on the people's side and reduce taxes, and 94 times he voted to increase taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only
challenged a premise this tax rates at the top should come down. >> it would be a huge mistake to take the dollars we gain from closing loopholes and put them into reducing rates for the highest income brackets rather than into reducing the deficit. the reality is any path forward on tax reform that promises to cut rates will either end up failing to reduce the deficit, or failing to protect the middle class from a net tax increase. >> eliot: senator schumer suggested allowing the rates to return to the prebush rate. of course republicans were quick to pounce on shumers new approach be old attacks. mitch mcconnell said, and i quote . . . for more on the mayhem in washington, i'm joined by one of your favorites bernie sanders,ent senator of vermont. thank you so much for joining us tonight. >> my pleasure. >> eliot: is chuck schumer right that we could challenge the premise that rates at the top should come down. >> of course schumer is right. what the republicans want to do and some democrats is lower the tax rates for the wealthiest people in this country at a time
gross receipts data. i would look at the real estate transfer tax and we were able to add significant revenue that way. he think i'm the only candidate here who has been talking extensively about a commercial tax rent. commercial property owners in the state of california have been on a tax holiday since prop 13 and under the reagan and bush eras. and we could use that revenue to fund our public schools and restore jtor city college. >> thank you, miss selby. >> two of the things that are being done this november and i would love for to you vote for both of them, 30 and 38. those are two measures that would raise money for education and money in education is in dire straits. it's okay to vote for both. i also do support gross receipts. and i'm a small business person, and i wanted to let you all know that i have done sort of looked what i pay now $9,000. i have seven employees and i pay $9,000 a year and i will pay $750. so for small businesses the gross receipts actually does help and does not put the burden on the little guy and it is progressive and so it does become progressivel
of is the midmarket payroll tax initiatives. that is to make san francisco much more attracttive to entrepreneurial companies and renovate a blighted area. we're particularly proud of this kind of public-private partnership to move the city forward. now join me in welcoming the city's first asian american mayor and i'm very proud to say a member of the lee tribe, the 43rd mayor of san francisco, ed lee. (applause). >> thank you, judy, very much for that introduction. good morning, everyone. >> good morning. >> it's great to be here at the san francisco chamber and of course the center for economic development here, your breakfast for 2012, it's my pleasure to be here. i walked in as ed from wells fargo was talking and i just wanted to make sure you knew, i am eternally grateful it the chamber, to wells fargo for helping me create 5,200 jobs for our kids. that's a wonderful accomplishment. i've been your mayor for almost two years now and everybody is coming up to me and asking, are you enjoying it? you know, some of the politics in the city it's hard to enjoy but i will say honestly to steve fo
of these firms has the ability upon sou subpoao tell them what is going on. >> and apply taxes and rules again this type o domination through hig frequency trading through a particularet of security, in the particular case you are making abo, maybe 500 securities in several seconds how to did te deter it. lou: in fractions of seconds. yet we hear nothing from timothy geithner, nothing of any real substance from the sec. there was a time where -- forgive me for being nostalgic a president had sufficientred bitty and trust oty and -- credd trust on wall street he could talk to leadersf the exchanges and the firms and say, folks, this is not the way we are doing business issue we'll do i this way, it is for your goodn business and as a county that is impossible right now? >> similar to what you suggested about relationship between the exchanges on one hand. and high frequentty trading firms, one problem with federal government is that, they are so entangled with wall street with their 16 primary dealers, and all of the credible, not inside information in the way in which one talks about that when
tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't know. that sounds to me like it's a description of how he would be as president. so my job is not to worry about those people? >> well, he may have contempt for you, but that doesn't mean he's going to act like he has contempt for you when he's president. obviously, when he was in that particular room, he was telling the people in that room that that's exactly who he would be as president. and i think what we see from mitt romney is who he is and what he says is all dependent on the expediencies of the moment. if we had a president romney, he would mostly be held hostage by a republican congress who was pushing him to the right. that is the
pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> now, that was the president waxing incredulous while former president bill clinton last night, well, he went full clintonian, painting the picture of how mitt's transformation went down. >> the deal was made by severe conservative mitt. that's how he described himself. for two whole years. until three or four days before the debate they got together and said, hey, this ship is sinking faster than the titanic so show up with a sunny face and say, i didn't say all that stuff i said the last two years. you going to believe me or your lying eyes here? come on. what are you doing? >> i think he actually caught air there. and it's no wonder with romney suddenly shifting on all marng of positions, lately it's a woman's right to choose. here he is to "the des moines register" on tuesday. >> there's no legislation with regarding -- with regards to abortion that i'm familiar with that would become part of my agenda. >> funny. around this time la
, those will not be touched. looks like somebody's raising taxes. >> i'm going to lower rates across the board for all americans by 20%. >> jon: what? (cheers and applause) this is incredible! we get to keep all our stuff and pay less too? this is like those special potato chips that they made with olestra that had all the flavor -- (laughter) but none of the calories and, of course, every now and again there was a hint -- a skosh of age leakage but it's fine. (laughter) you know, you'd be in a meeting and your ass would do a spit take but -- (laughter) but the point is this. they were delicious. (laughter) what red blooded american wouldn't trade flavor for occasional ass-juice? (laughter) the point is -- by the way, i am just going to assume they are not a sponsor. (laughter) i don't -- that's a phone call i don't think i would want to take. romney, what are you cutting? anything? >> obamacare ads trillions to our deficits and to our national debt. i will repeal obamacare. >> jon: all right. that's something. and while the statement "obamacare adds trillions to our deficit and to o
, ryan gets into a contentious interview. >> you do that with a big tax cuts. >> those are your words not mine. >> thank you very much sir. >> yes. >> that was kind of strange. >> cenk: now i'll break that down and tell you the strategy that they have for these debates. it's really interesting. then later one mom from a navy seal gets tired of mitt romney talking about his son and she puts an end to it. >> imagine how shocked i was to learn that he was one of the two navy--former navy seals killed in bengahzi just a couple weeks ago. >> cenk: the republicans on fox news channel have this strategy that they do before a debate. it's called the preemptive strike. the republicans are familiar with that. this month they're doing it to martha radis. how are they doing it? oh she's bias, she likes obama. a daily caller put out an article. president obama was guest of the 1991 wedding of abc senior foreign correspondent of martha radis. now the obama camp and "abc news" said wait a minute, president obama attended the wedding of someone who was republican. and here is a timeline. 1991, the di
with the help of your tax dollars took over chrysler. we'll fiat been looking for a bailout soon? the story will make you boil, and it is coming next. ♪ [ male nouncer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, take the steps to reach yours, everyowith usgoals. with real advice, for real goals. the us b bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank sandra: breaking news, shares of ruby tuesday falling after reporting minutes ago saying sales increased almost 2% at company-owned restaurants for the quarter. sales in the range of flat to 2% for the year. be sure to tune in tom
the ability. america knows the way. the more efficient tax system. much more certainty. i still think it is doable. when you think of the alliance of something, is it your sense that it does have to include the entitlement reform, spending, control, tax increases. >> that the most people are not partisan or parochial. we can spend -- 21. 21 percent. obviously you have texas. so it's a far more efficient tax system. this huge waste. i call it fiction cost. no society. the legal system. uncertainty. so i think we would have had better growth. for for one or whenever it was. but it wasn't good enough. exactly right. growth will pay for a lot. >> less talk about it. the united states has been growing at roughly half what you might call the modern historical rate of economic growth. we are growing just below to giver take. if you are advising the next presidency, in a position to more broadly make the case publicly, coupled with things that we ought to do in order to generate double the rate of economic growth. one would obviously be some kind of a comprehensive budget deal. what else woul
bickering going on when it comes to taxes. up next, you're going to hear what mitt romney has to say about his plan, what it could mean for you. also, lance armstrong is linked to what one group calls the most sophisticated doping program in cycling history. e 70,000 trades. ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. >>> so what's going to happen to your taxes will most certainly be one of the topics paul ryan and joe biden debate thu
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